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In Alaska, production royalties are 3% of a miners net income as calculated through the Mining License Tax. From that 3%, miners can deduct the rent they pay to the state for their claim/lease that produced the mineral. Production royalties are due May 1 of every year.
How much does a mining claim cost in Alaska?
In Alaska, online payment is not accepted; however, in-person payments are also accepted at the Fairbanks District Office. Amount: $200 per lode claim, mill site, and tunnel site. For placer claims, $200 for each 20 acres or portion thereof.
What is the mining royalty in Alaska?
The production royalty is three percent (3%) of net income as determined under the Mining License Tax Law AS 43.65 and regulations 15 AAC 65. When is a production royalty return required?
Do gold miners in Alaska pay taxes?
The Mining License Tax is an income tax (tax is calculated on net income from the mining property). Net income is gross income from mining operations less allowable mining expenses. Mining gross income includes: Sales price or value actually received for the mined material . Royalties received from mining property.
How do I file a mining claim in Alaska?
In Alaska, claims and sites can also be recorded with the BLM district office located in Fairbanks. County: State laws require filing the original location notice or certificate in the county recorders office, county clerks office, or borough office.
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Mining is vital to the economies of Southeast Alaska, providing jobs for thousands of Alaskans and millions of dollars of personal income. Alaskas mining industry includes exploration, mine development, and mineral production.
Do you need a permit to mine gold in Alaska?
Permits and licenses are required by as many as 12 State and Federal agencies to conduct exploration or mining activities in the State of Alaska. To assist the mining industry navigate this complex permitting process, the State designed the Application for Permits to Mine in Alaska (APMA).
As required by the Water Resources Development Act of 1992 (WRDA), I am pleased to transmit the Environmental Protection Agencys (EPA) Report to Congress
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